Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approx. one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout. Units have been updated over time with remodeled interiors and wall, ceiling, and sheetrock improvements. Two garages will be delivered vacant at close of escrow, offering flexibility for owner use, tenant amenities, or additional income potential. Current rents: 5100A $2,400/mo, 5100B $1,320/mo (long-term tenant), 1912 $2,200/mo, 1910 $1,260/mo (long-term tenant). The fifth vacant unit has a projected market rent of approximately $2,000/month. A well-maintained asset with stable income, upside potential, and significant recent improvements.
Multiple Dwellings / StructuresProperty Type
1924Year Built
10,189 sq ftLot Size
$232Price/Sq.Ft.
3 car garageParking
Listed by Joe Velasco•DRE #01309200• Coldwell Banker Realty
Listed by Blaire Jahn•DRE #02093733• Coldwell Banker Realty
Fairfax, located between Dimond District and Laurel District, is a residential and hillside Oakland neighborhood with winding streets and bay-facing views. The neighborhood’s character concentrates along MacArthur Boulevard near 35th Avenue, where corner markets, taquerias, and long-running local storefronts set a steady, lived-in rhythm. Craftsman bungalows and mid-century homes step up the slopes, with stairways and pocket greenery breaking up the blocks. Dimond Park and Sausal Creek form a natural corridor for walks and weekend routines. The Laurel Bookstore and Ghost Town Brewing (Laurel) serve as familiar community touchpoints nearby. Fruitvale BART anchors regional connections a short ride away.
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82051140
Jun 16, 2026
Listed
$999,000
$232/sq ft
Jun 15, 2026
Listed
$999,000
$232/sq ft
+16
Exceptional investment opportunity featuring five residential units on one parcel, with four units currently occupied and one fully renovated unit vacant and ready for immediate occupancy or lease-up. Ownership has invested approximately $200,000 in capital improvements over the past six years, significantly enhancing the property's condition and long-term value. Major upgrades include a newer roof on the main building (approx. one year old), extensive stucco repairs, newer copper plumbing, four newer water heaters, and mostly newer dual-pane windows throughout. Units have been updated over time with remodeled interiors and wall, ceiling, and sheetrock improvements. Two garages will be delivered vacant at close of escrow, offering flexibility for owner use, tenant amenities, or additional income potential. Current rents: 5100A $2,400/mo, 5100B $1,320/mo (long-term tenant), 1912 $2,200/mo, 1910 $1,260/mo (long-term tenant). The fifth vacant unit has a projected market rent of approximately $2,000/month. A well-maintained asset with stable income, upside potential, and significant recent improvements.
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82050931
Jun 15, 2026
Listing Removed
—
Jun 12, 2026
Listed
*
bridgeMLS, Bay East AOR, or Contra Costa AOR #40885755
Dec 31, 2019
Sold
$700,000
$163/sq ft
Dec 6, 2019
Pending
—
Nov 5, 2019
Price Changed
$739,000
$172/sq ft
Oct 13, 2019
Listed
$759,000
$176/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #40645705
May 28, 2014
Listing Removed
—
Mar 11, 2014
Price Changed
*
Feb 11, 2014
Listed
*
bridgeMLS, Bay East AOR, or Contra Costa AOR #40118155
Dec 20, 2005
Sold
$700,000
$163/sq ft
Dec 8, 2005
Listing Removed
—
Oct 14, 2005
Listed
$699,000
$162/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #40057171
Jun 28, 2005
Sold
$510,000
$119/sq ft
Feb 2, 2005
Listing Removed
—
Jan 10, 2005
Listed
$529,000
$123/sq ft
Public Records
Dec 4, 2000
Sold
$395,000
$92/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$15,301 (+4.7%)
$311,684 + $461,946
$773,630
2024
$14,619 (−3.0%)
$311,684 + $461,946
$773,630
2023
$15,078 (+5.0%)
$305,574 + $452,890
$758,464
2022
$14,355 (+9.3%)
$293,709 + $435,306
$729,015
2021
$13,137 (−15.0%)
$293,709 + $435,306
$729,015
2020
$15,457 (+5.8%)
$287,952 + $416,773
$704,725
2019
$14,612 (+2.6%)
$306,122 + $571,343
$877,465
2018
$14,235 (+14.8%)
$300,122 + $560,145
$860,267
2017
$12,398 (−26.1%)
$225,000 + $525,000
$750,000
2016
$16,769 (+24.5%)
$225,000 + $525,000
$750,000
2015
$13,474 (+19.9%)
$202,500 + $472,500
$675,000
2014
$11,237 (+11.5%)
$170,000 + $480,000
$650,000
2013
$10,077 (+10.4%)
$170,000 + $480,000
$650,000
2012
$9,124 (−5.6%)
$145,000 + $430,000
$575,000
2011
$9,662 (−12.8%)
$180,000 + $345,000
$525,000
2010
$11,076 (+8.1%)
$215,000 + $310,000
$525,000
2009
$10,246 (−20.7%)
$170,000 + $405,000
$575,000
2008
$12,914
$172,000 + $403,000
$575,000
Public record
Public record
Zoning
Permits
Beds
7
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
10,189 Sq. Ft.
Year renovated
1924
Finished Sq. Ft.
4,303
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,303
Year built
1924
Style
Multi-Family (5+ Unit)
County
Alameda County
APN
035 238102500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on May 7, 2026.
RU-4
Urban Residential - 4 Zone
The intent of the RU-4 Zone is to create, maintain, and enhance areas of the City that are appropriate for multi-unit, mid-rise, and high rise residential structures on the Citys major corridors.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Student
Housing-Other
Bed & breakfast
Fire house
Police station
Mar 30, 2025 • Final
R) - reroof certificate (building)
Remove and replace the roof on a four-unit residential building and a single-family home.
Roofing
Mar 14, 2023 • Final
Dot - excavation (x)
Excavate and install electrical wires to a steel main and connect them to an electrical box at the base of a utility pole. Restore the site after trenching and installation are complete.
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 83° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
14 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Oakland, CA • 94601
Average low and high temperatures (°F)
61
46
62
47
69
50
66
51
70
53
69
54
74
57
75
58
75
59
74
57
64
50
59
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
83/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1914 51st Ave
$979,424
$20K under list price of $999K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $669K to $966K.